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Question Caravan Ltd has the following information: MONTH BUDGETED SALES May $46,000 une 50 000 July S2000 August 400D The cost of goods sold percentage

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Caravan Ltd has the following information: MONTH BUDGETED SALES May $46,000 une 50 000 July S2000 August 400D The cost of goods sold percentage is 70%1 and the desired inventory level is 25% of next month's sales What is the beginning inventory for May? O a $4.025 b. 58.050 O $50.000 Od $12.075 Oe546.000

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